Asian stocks rose in CFDs Trading, with a regional benchmark index climbing the most in almost two weeks, after U.S. economic reports and speculation that Europe’s debt crisis will be contained boosted confidence in a global recovery.
Sony Corp., the Japanese maker of Bravia televisions that gets 70 percent of its sales abroad, rose 1.5 percent in Tokyo after reports showed U.S. payrolls and manufacturing climbed.
James Hardie Industries SE, the biggest seller of home siding in the U.S., jumped 4.9 percent in Sydney.
BHP Billiton Ltd., the world’s largest mining company, climbed 2.1 percent as oil and metal prices increased.
The MSCI Asia Pacific Index advanced 1.2 percent to 131.34 as of 10:38 a.m. in Tokyo, with about six stocks rising for each that fell. The gauge is on course for its first weekly gain after declining for three straight weeks on concern China will boost anti-inflation measures and amid rising tensions between North and South Korea.
Australia’s S&P/ASX 200 Index rose 1.8 percent, even after a government report showed that retail sales unexpectedly declined in October.
Japan’s Nikkei 225 Stock Average gained 1.8 percent today, as the Finance Ministry said today in Tokyo today that Japanese companies increased spending for the first time in more than three years. South Korea’s Kospi Index advanced 0.9 percent.
Futures on the Standard & Poor’s 500 Index were little changed today. The index surged yesterday in New York by 2.2 percent, the most since Sept. 1. A report from ADP Employer Services showed businesses added 93,000 workers to payrolls in November, more than the 70,000 expected by most economists.